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The Ethereum Foundation disclosed the results of a recent interoperability meeting held by core developers in the Svalbard archipelago of Norway and updated the key technical progress for the next phase upgrade, Glamsterdam. During the meeting, multiple client teams collaborated on network scalability and execution layer optimization, making progress in several directions. Developers confirmed that based on the comprehensive results of ePBS, BAL optimization, and the EIP-8037 repricing mechanism, a consensus has been reached on the "trusted path" following Glamsterdam.In terms of the execution layer, ePBS (external proposer separation architecture) has been stably running in the multi-client Glamsterdam-devnet, with the external block builder process completing end-to-end testing, covering almost all client implementations. Meanwhile, EIP-8037 has completed its final draft, establishing the fixed cost_per_state_byte model, and has produced complete repricing parameters in bal-devnet-6. The scalability direction Hegotá has also made progress. The FOCIL-related prototype has a runnable implementation, and the scope of account abstraction (AA) requirements has been defined, with the next phase entering the multi-client development network validation stage.Current development focus remains on the final implementation of Glamsterdam while advancing the Hegotá expansion design and subsequent Strawmap route evolution. The development network is online, and features like FOCIL are expected to continue deepening in the next phase of testing. At the organizational level, this interop meeting also marks the formal initiation of leadership structure adjustments within the Protocol Cluster. The new leaders include Will Corcoran, Kev Wedderburn, and Fredrik. Will Corcoran is responsible for zkVM proof and post-quantum consensus coordination, Kev Wedderburn leads zkEVM development, and Fredrik is in charge of protocol security and the Trillion Dollar Security project.Original Protocol Cluster leadership team members Barnabé Monnot and Tim Beiko will gradually step back from management roles, while Alex Stokes enters a leave period. The foundation stated that during its term, the Protocol has completed modular advancement and facilitated the launch of the Fusaka upgrade (December 2025), introduced PeerDAS, and enhanced mainnet gas capacity.

According to on-chain analyst Yu Jin's monitoring, Bitcoin treasury company Strategy (MSTR) purchased 535 BTC (approximately $43 million) last week at a price of about $80,340. They now hold a total of 818,869 BTC (approximately $6.6398 billion), with an average cost of $75,540, resulting in an unrealized profit of $4.54 billion (+7.3%).Ethereum treasury company Bitmine (BMNR) purchased 26,659 ETH (approximately $6.214 million) last week at a price of about $2,331. They now hold a total of 5,206,790 ETH (approximately $12.132 billion), with an average cost of $3,539, resulting in an unrealized loss of $6.297 billion (-34.1%). Additionally, 90% of their ETH (4.713 million) has been deposited into Ethereum staking.

According to Whale Alert monitoring, Tether Treasury has just minted 1,000,000,000 USDT on the Tron chain, corresponding to approximately 999.6 million USD.

According to CoinDesk, the game public chain behind Axie Infinity, Ronin, will migrate from an independent sidechain to an Ethereum Layer 2 network through a hard fork on May 12, which is expected to result in approximately 10 hours of network downtime, during which all transfers, swaps, contract interactions, and on-chain gaming activities will be paused.This upgrade will introduce the OP Stack architecture and the "Proof of Distribution" allocation model, rewarding builders based on their actual contributions to the network, while significantly reducing the RON inflation rate from over 20% to less than 1%. Additionally, 90 million RON originally allocated for staking rewards will be moved to the treasury fund, and the market transaction fee will be increased from 0.5% to 1.25% to enhance security, scalability, and reshape the token economy.

According to official news, Tether has launched a developer grant program that will reward developers with USDT or Bitcoin for building localized AI and payment infrastructure. There is no total grant cap for this program, and rewards will be issued based on technical tasks and deliverables, with current individual bonuses ranging from $1,500 to $4,000.This funding focuses on Tether's open-source technology stack, including wallet infrastructure, browser extensions, e-commerce integration, and particularly supports its local AI platform QVAC. Tether stated that QVAC can run AI inference directly on the device locally, without relying on cloud servers, to reduce latency, costs, and data exposure risks.In addition, Tether will also promote the development of its Wallet Development Kit (WDK) ecosystem. This tool allows developers to directly embed self-custody wallets within applications, enabling local key generation, transaction signing, and asset transfers without relying on custodial services or third-party APIs.Tether CEO Paolo Ardoino stated that a significant amount of infrastructure still forces developers to rely on centralized platforms and data business models, and Tether hopes to fund systems that can "run locally, hold value directly, and have no external dependencies" to enter the market.

According to Onchain Lens monitoring, the Ethereum Foundation redeemed 21,271 ETH from the Lido stETH withdrawal contract, worth approximately 49.66 million USD.

According to on-chain analyst Onchain Lens, the Ethereum Foundation redeemed 21,271 ETH from Lido, worth approximately 49.66 million USD.

On May 10, Vitalik Buterin published a research article advocating that cryptocurrency payments need to shift from pseudonymity to default privacy, proposing the use of zero-knowledge proof (ZK) transactions to replace standard transfers, allowing users to prove payment validity without exposing their full balance or transaction history.Vitalik specifically pointed out that in the era of agents, autonomous AI agents need to pay service fees (such as LLM API fees) without leaving traceable footprints. By using recursive SNARKs and ZK APIs for points, Ethereum Layer 2 can handle privacy payments at the same speed and cost as transparent transactions. The proposal also includes selective disclosure and proof of innocence mechanisms, allowing users to provide specific proofs to compliance agencies or tax authorities without disclosing data to the public, in response to anti-money laundering regulatory requirements.Vitalik believes that the public transparency of blockchain is the main obstacle preventing cryptocurrency payments from replacing traditional payments, and the ZK payment standard aims to make privacy a default feature.

According to SoSoValue data, last week's trading day saw a net inflow of $70.49 million for Ethereum spot ETFs. The Ethereum spot ETF with the highest net inflow last week was BlackRock ETHA, with a weekly net inflow of $100 million, bringing ETHA's historical total net inflow to $12 billion.The second highest was Grayscale Ethereum Trust ETH, with a weekly net inflow of $6.3257 million, and its historical total net inflow currently stands at $1.94 billion. The Ethereum spot ETF with the highest net outflow last week was Fidelity FETH, with a weekly net outflow of $32.1563 million, and its historical total net inflow is currently $2.26 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $13.73 billion, with an ETF net asset ratio of 4.94%, and the historical cumulative net inflow has reached $12.09 billion.

Santiment stated on the X platform that Tether (Ethereum-based) experienced the largest outflow of funds from exchanges in nearly three months, with a net outflow of $1.29 billion (USDT) on Friday. Such a large-scale USDT outflow typically reflects institutional or whale-level participants moving funds to self-custody wallets, DeFi protocols, or over-the-counter trading platforms in preparation for larger operational plans. This is merely a reallocation of funds, not a complete exit from the ecosystem.Santiment suggests closely monitoring what typically happens after these peaks in outflows. Previously, on February 9, when outflows reached $3.72 billion, Bitcoin experienced a slight pullback in the following two weeks (before an ideal buying opportunity on February 24). Whether the current funds will flow back into exchanges in the form of buying in the short term is a key variable to watch closely. If USDT starts to flow back into exchanges in the coming days, it indicates that a wave of investment in crypto assets is imminent.

According to CryptoSlate, Ethereum's share of the total value locked (TVL) in DeFi has dropped from 63.5% at the beginning of 2025 to about 54% now, marking a new low in nearly a year.According to the latest data from DefiLlama, Ethereum's DeFi TVL is approximately $45.4 billion, still significantly ahead, but public chains such as Solana (6.66%), BNB Chain (6.60%), Bitcoin (6.35%), Tron (6.17%), Base (5.44%), and Hyperliquid (1.81%) are gradually eating into its share.

Former Singapore Navy personnel Zhang Rongxuan (35 years old, phonetic) was sentenced to six years and ten months in prison after stealing 1.7 million Tether (nearly 2.3 million Singapore dollars) from a friend's cold wallet, which he spent on luxury watches, gambling, and paying off a mortgage.It is reported that Zhang Rongxuan was a member of the Naval Diving Unit at the time of the incident, holding the rank of captain. After getting to know the victim, he also co-managed a non-fungible token trading platform with friends, which is affiliated with Upstairs Research Pte Ltd and owned by DiGi Selection Holdings Pte Ltd. After security companies tracked the cryptocurrency wallet, Zhang Rongxuan admitted that he committed the crime due to suffering significant losses from the collapse of the FTX exchange.

According to SoSoValue data, yesterday (Eastern Time May 8), the total net inflow of Ethereum spot ETFs was $3.5747 million.The Ethereum spot ETF with the highest single-day net inflow yesterday was Blackrock Staked ETH ETF ETHB, with a single-day net inflow of $3.5747 million. Currently, the historical total net inflow of ETHB has reached $82.7645 million.As of the time of writing, the total net asset value of Ethereum spot ETFs is $13.732 billion, and the ETF net asset ratio (the market value as a percentage of the total market value of Ethereum) is 4.94%. The historical cumulative net inflow has reached $12.087 billion.

According to Bitcoin.com, Tether has filed a lawsuit in São Paulo, Brazil, seeking to recover a $300 million loan from Titan Holding, a company under the Master Group. The loan was issued by Tether's venture capital arm, Tether Investments, in 2025, with a repayment due in 2026, but no repayments have been received to date.Daniel Vorcaro, the owner of the Master Group, was recently arrested, and his Banco Master was liquidated by the Brazilian central bank last November due to a reserve shortfall of $2.2 billion, affecting over a million customers. In the lawsuit, Tether has requested to freeze all financial assets of Titan and its affiliated companies.

According to Onchain Lens monitoring, Tether has burned 2 billion USDT on the Ethereum network. Since then, Tether has minted 5 billion USDT, of which 2 billion USDT were burned 5 hours ago.

According to Jinshi reports, Federal Reserve's Goolsbee stated that the Federal Reserve's balance sheet can be reduced, but it is not yet clear whether it must be reduced.

According to Lookonchain monitoring, the Bitcoin ETF in the United States had a net outflow of 2,022 BTC in one day, worth $161.53 million, and a net inflow of 18,496 BTC over seven days, worth $1.486 billion; the Ethereum ETF had a net outflow of 34,349 ETH in one day, worth $7.835 million, and a net inflow of 73,153 ETH over seven days, worth $166.86 million; the Solana ETF had a net inflow of 76,912 SOL in one day, worth $6.85 million, and a net inflow of 368,912 SOL over seven days, worth $32.83 million.

According to Cointelegraph, Tether has frozen over $514 million USDT in the past 30 days, involving 370 addresses. Among them, the Tron chain froze approximately $506 million, while the Ethereum chain froze about $8.73 million.An analysis of data from 2025 by BlockSec shows that Tether has blacklisted a total of 4,163 independent addresses on the Ethereum and Tron chains, freezing a total of $1.26 billion USDT.

According to SoSoValue data, yesterday (Eastern Time May 7), the total net outflow of Ethereum spot ETFs was $104 million.The Ethereum spot ETF with the highest net outflow yesterday was Fidelity ETF FETH, with a net outflow of $62.625 million for the day, and the historical total net inflow for FETH has reached $2.257 billion.The second was Blackrock ETF ETHA, with a net outflow of $26.3107 million for the day, and the historical total net inflow for ETHA has reached $9,160.00.As of the time of writing, the total net asset value of Ethereum spot ETFs is $13.595 billion, and the ETF net asset ratio (the market value compared to the total market value of Ethereum) is 4.94%, with a historical cumulative net inflow of $12.083 billion.